Western Economic Diversification Canada
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Key Economic Indicators - November

  British Columbia Alberta Saskatchewan Manitoba Canada Last
Update
Gross Domestic Product
Real GDP1 (2007 $billions, forecast) $214 $292 $58 $55 $1,673 2016 (f)
% ch. from year earlier 3.0% -2.0% 0.2% 2.1% 1.5%  
 
Labour Market
Employment (SA, thousands) 2,400 2,273 567 633 18,161 Oct-16
Change from previous month 14.9 9.0 -2.4 0.9 43.9  
% ch. from previous month 0.6% 0.4% -0.4% 0.1% 0.2%  
% ch. from year earlier 2.4% -1.1% -1.8% -1.3% 0.8%  
 
Unemployment Rate (SA,%) 6.2% 8.5% 6.9% 6.4% 7.0% Oct-16
percentage points from previous month 0.5 0.0 0.1 0 0  
percentage points from year earlier -0.2 1.9 1.2 1 0  
 
Regular EI beneficiaries (SA) 54,410 90,380 19,490 15,400 571,790 Sep-16
Change from previous month 470 220 1770 180 3,290  
% ch. from previous month 0.9% 0.2% 10.0% 1.2% 0.6%  
% ch. from previous year -0.4% 55.0% 35.5% 4.1% 4.6%  
 
Average weekly earnings $921.43 $1,117.95 $981.87 $891.60 $957.27 Sep-16
Change from previous year $9.48 -$19.42 -$1.10 $12.48 $3.94  
 
Prices
CPI (y/y) 2.1% 0.5% 0.8% 1.1% 1.5% Oct-16
CPI (y/y) previous month 1.8% 0.5% 1.1% 1.3% 1.3% Sep-16
 
Consumers and Business
Retail Sales (SA, $millions) $6,308 $6,102 $1,530 $1,588 $44,375 Sep-16
% ch. from previous month 0.9% 0.3% -0.3% -0.8% 0.6%  
% ch. from previous year 5.5% -3.1% -1.7% 2.4% 2.2%  
 
Manufacturing Sales (SA, $millions) $3,933 $5,299 $1,239 $1,437 $51,467 Sep-16
% ch. from previous month 0.6% -0.4% 1.0% -1.0% 0.3%  
% ch. from previous year 9.3% -5.2% 8.4% 1.4% 1.0%  
 
Building Permits (SA, $millions) $996 $1,120 $143 $200 $6,864 Sep-16
% ch. from previous month -13.3% 10.4% -4.7% -23.8% -7.0%  
% ch. from previous year -6.5% -21.6% -52.9% -7.5% -1.6%  
 
Housing Starts (SAAR, thousands) 48 29 5 5 219 Sep-16
% ch. from previous month 33.7% 47.4% -25.2% 6.1% 19.1%  
% ch. from previous year 65.4% -21.6% 28.8% -38.7% -6.0%  
 
International Trade
Merchandise Exports ($millions) $3,285 $6,728 $2,565 $1,039 $39,837 Sep-16
% ch. from previous month 0.4% -4.3% 21.0% 0.5% 0.7%  
% ch. from previous year 7.6% -16.0% -6.5% -21.2% -5.2%  
 
Merchandise Imports ($millions) $4,410 $1,945 $665 $1,643 $47,429 Sep-16
% ch. from previous month 2.7% 0.4% -2.9% -2.4% 2.5%  
% ch. from previous year -3.2% -18.6% -11.5% -10.4% 2.7%  
 
Demographics
Population (estimate) 4,751,612 4,252,879 1,150,632 1,318,128 36,286,425 Q3 2016
% ch. from previous year 1.5% 1.3% 1.5% 1.9% 1.2%  
Largest Cities (CMAs) Vancouver (2,504,340) Calgary (1,439,756) Saskatoon (304,975) Winnipeg* (793,428)   2015
  Victoria* (365,291) Edmonton* (1,363,277) Regina* (241,422)      

* Provincial Capital

[1] Real GDP at basic prices, forecast (Conference Board of Canada Provincial Outlook Spring 2016)

SA - Seasonally adjusted

SAAR - Seasonally adjusted at annual rates

Sources: Statistics Canada and Conference Board of Canada